EVP, Supervision & Credit

CompanyFederal Reserve Bank of San Francisco

We are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. We are a community-engaged Reserve Bank, and are committed to understanding and serving the vibrant, expansive communities of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a diverse team united in its purpose to promote an economy that works for everyone.
The SF Fed’s Supervision + Credit (S+C) group works with other federal and state authorities to strengthen financial institutions, promote a safe and sound financial system, and ensure fair and equal treatment of consumers. The S+C group is responsible for executing the Federal Reserve’s bank supervisory policies and programs within the western United States under delegated authority from the Board of Governors. This is accomplished through a combination of on-site examinations and off-site supervision activities for the diverse portfolio of financial institutions subject to the supervision of the SF Fed. We also work within the Federal Reserve System supervising and assessing risk at large financial institutions. Finally, the S+C group is responsible for the SF Fed’s discount window operations as well as its payment system risk functions. The SF Fed’s S+C group has approximately 400 officers and staff.

The EVP of S+C leads the SF Bank’s supervision and credit programs and serves as a key member of the Bank’s Executive Leadership Team. The position reports directly to the President and CEO of the SF Fed. The EVP is primarily responsible for the effective implementation of the Federal Reserve’s supervision program in the Twelfth Reserve District. In this capacity, the S+C group acts on delegated authority from, and subject to the oversight from the Board of Governors. The SF Fed has a diverse and deep portfolio of large financial institutions, regional banks, community banks, foreign banking organizations, and service providers. The Twelfth District is also home to innovators in financial services. The EVP ensures that all program goals promoting the safety and soundness of supervised institutions, facilitating the stability of the financial system, and ensuring that supervised institutions treat consumers fairly and comply with relevant laws and regulations are met. The EVP is also accountable for the effective administration of the Bank’s credit risk management function, including oversight of the administration of the Bank’s discount window.

As an active member of the SF Fed’s Executive Leadership Team, the EVP will work collaboratively to craft Bank strategies, policies and culture. The EVP also supports and advises the SF Fed’s president on supervision matters, discount window policy, and district banking conditions. Finally, the EVP will provide leadership nationally through participating in System-wide committees and groups and working effectively with Board of Governors’ staff.

Primary Responsibilities:

Strategy Development and Execution:

• As a member of the Bank’s Executive Leadership Team, set the vision, strategy, values, and priorities that enable the SF Fed to achieve its mission.

• Working with S+C’s executive team, provide the vision and leadership to develop and execute strategic plans for S+C that achieve the key goals and critical objectives of the SF Fed and meet the expectations of the Board of Governors. 

• Help set the strategic direction and oversight of the assigned portfolios at the System level, influencing the direction of the applicable operating committees or management groups.

S+C Group Leadership:

• Lead S+C’s executive team, assuming collective responsibility for S+C’s strategy and overall performance.

• With the Group’s executive team and People + Culture, continue to build leadership capacity and staff development to support ongoing performance and a strong culture. Recruit and retain best-in-class talent for the S+C group.

• Ensure strong bank supervisory outcomes, by providing vision, leadership, and serving as a model of technical competence in areas of responsibility. 

• Routinely evaluate the S+C Group’s structure, team, and performance to ensure continuous improvement, efficiency, and intended impact.

Supervision and Credit Oversight:

• Lead and oversee the development, maintenance, and continuous improvement of the S+C’s risk-focused supervisory programs for all types of institutions, consistent with the Federal Reserve System supervisory policy.

• Lead efforts to work collaboratively across portfolios to drive consistency in supervision, foster diverse portfolio insights, and contribute to speed, force, and agility of supervision. 

• Monitor internal and external environments to assess market trends and the regulatory landscape and incorporate observations into policy initiatives.

• Manage financial, operational, and reputational risks arising from critical central bank operations such as discount window lending and the application of payments system risk controls.

Collaboration and Outreach:

• Participate in and lead other System initiatives and committees as they relate to the designated supervisory portfolio and aligned with S+C’s strategic objectives.

• Exhibit strong collaboration and influence with key stakeholders including peers and senior officials throughout the Federal Reserve System, Board of Governors, and other financial/regulatory agencies.

• Collaborate with Executive Leadership Team Leaders and others to support key Reserve Bank programs, activities, and policies. 

• Manage resources and balance trade-offs when considering local needs along with System supervisory or policy priorities.

• Lead and support outreach and engagement with financial institutions, other supervisors, and other key stakeholders.

Qualifications & Requirements:

• 20+ years of business or banking supervisory leadership experience, including 15+ years of progressively expansive people and leadership experience.

• Bachelor's degree, preferably in business or economics, or a related field of study, or equivalent work experience. Advanced degree preferred.

• Broad and deep functional expertise and significant knowledge of the business of banking, banking supervision, and the various risk measures relevant to the portfolio of institutions, including credit risk, operational risk, technology risk, and other key risk disciplines.

• Understanding of the evolving nature of risk over a business cycle that firms must address.

• Track record successfully leading and mentoring senior people leaders and diverse teams.

• Superior communication skills, ability to synthesize complex ideas, explain them clearly, and influence and persuade senior leaders within the System, other agencies, and at supervised firms.

• Strong collaboration skills and ability to build effective working relationships.

• Ability to take initiative, produce results under time constraints, and manage and lead with rapidly evolving priorities.

Important Instructions for all candidates interested in being considered (Please Read): SpencerStuart has been retained to lead this search for The Federal Reserve Bank of San Francisco. To ensure consistent review, evaluation, and consideration of all applicants (internal and external to the SF Fed), upon completing the online application in Workday, please email your resume and cover letter to:

[email protected]

Include in the Email Subject Line: The Federal Reserve Bank of San Francisco, EVP, Supervision & Credit

Base Salary Range: Min: $376,000 Mid: $470,000 Max: $525,900 (Location: San Francisco). Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with geographic and other market data.

We offer a wonderful benefits package including Medical, Dental, Vision, Pension Plan and 401(k) with Generous Match, Pre-tax Flexible Spending Account, Backup Childcare Program, Pre-Tax Day Care Flexible Spending Account, Paid Family Care Leave, Vacation Days, Sick Days, Paid Holidays, Pet Insurance, On-site Fitness, and Subsidized Public Transportation Program.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. The SF Fed is an Equal Opportunity Employer.

The Bank's ethics rules generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. Employees in the S+C group also must ensure there are no conflicts of interest related to their previous employment and current financial interests. S+C employees may be subject to borrowing and deposit restrictions and may need to recuse themselves from certain supervisory work. 

Due to the nature of access to sensitive information all final offers are subject to the clearance of an enhanced background check. This enhanced screening will require the following items: academic and employment verifications, FBI fingerprint check (criminal and civil cases), credit check, family history, residential records and foreign travel for the previous 7 years, citizenship verification, reference checks, and personal interview with an investigator and can take between 21 – 60 days to clear.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryExecutive

Work ShiftFirst (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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